Holt Announces Central NJ to Receive $2.8 Million For Community Development
Washington, DC – March 2, 2009 – (RealEstateRama) — U.S. Representative Rush Holt (NJ-12) today announced that Central New Jersey will receive $2.8 million in federal community development funding as part of the recently enacted American Recovery and Reinvestment Act. The Community Development Block Grant (CDBG) Program enables local governments to undertake a wide range of activities intended to create economic opportunities, create suitable living environments, and provide decent affordable housing.
“This funding will support organizations desperately in need of money during this economic crisis,” Holt said. “The economic recovery bill invests in programs – like the CDBG – with a track record for creating jobs and spurring sustained economic growth.”
Holt announced the following recipients would receive CDBG funds:
Monmouth County – $810,000
Middlesex County – $523,500
Somerset County – $340,000
City of Trenton – $818,000
Ewing Township – $55,690
Franklin Township (Somerset) – $88,000
Middletown Township – $77,380
Old Bridge Township – $88,300
Additionally, the State of New Jersey was awarded $2 million in funding to be used at the discretion of Governor Corzine.
According to the Housing and Urban Development, CDBG funds may be used for activities which include, but are not limited to:
-rehabilitation of residential and non-residential structures;
-construction of public facilities and improvements, such as water and sewer facilities, streets, neighborhood centers, and the conversion of school buildings for eligible purposes;
-public services’
-activities relating to energy conservation and renewable energy resources; and
-economic development and job creation/retention activities.
Contact: Zach Goldberg
202-225-5801 (office)
